Marathon Digital Holdings Inc (MARA)
Profitability ratios
Return on sales
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | -103.48% | -91.75% | -76.74% | -65.98% | -44.46% | -35.06% | -45.99% | -86.07% | -75.66% | -8.31% | -20.02% | 35.45% | 34.33% | -16.63% | 71.65% | 36.05% | -61.45% | -112.94% | -110.62% | -87.92% |
| Operating profit margin | 46.64% | 37.03% | 55.54% | 107.68% | 75.48% | 13.67% | 35.40% | -60.32% | -133.03% | -99.67% | -86.10% | -62.36% | -97.04% | -199.00% | -391.58% | -432.08% | -226.38% | -309.64% | -337.31% | -261.24% |
| Pretax margin | 93.96% | 34.98% | 79.23% | 131.58% | 71.64% | -145.40% | -256.98% | -351.60% | -363.47% | -118.46% | -89.47% | -63.96% | -9.75% | -57.03% | -78.08% | 572.96% | -240.88% | -299.39% | -320.31% | -212.14% |
| Net profit margin | 82.46% | 39.44% | 63.82% | 109.90% | 85.87% | -109.35% | -175.81% | -279.87% | -351.77% | -127.98% | -101.10% | -72.92% | -24.91% | -57.03% | -78.08% | 572.95% | -240.88% | -299.39% | -320.31% | -212.14% |
Marathon Digital Holdings Inc has experienced fluctuations in its profitability ratios over the past few years. The gross profit margin, which indicates the percentage of revenue remaining after accounting for the cost of goods sold, showed a significant improvement from negative figures in early 2020 to positive territory by mid-2021. However, it deteriorated again in the later periods, indicating challenges in managing production costs efficiently.
The operating profit margin, reflecting the percentage of revenue left after deducting operating expenses, displayed a similar trend of improvement starting from the first quarter of 2023, where it turned positive. This suggests the company's ability to control its operating costs and generate operating income.
The pretax margin, indicating the percentage of revenue remaining after accounting for all expenses except taxes, showed a volatile pattern over the period under review. After significant losses in the early years, the company managed to achieve positive margins by the first quarter of 2024, indicating a potential turnaround in its financial performance.
Lastly, the net profit margin, representing the percentage of revenue left after all expenses including taxes, also demonstrated a fluctuating trend but with generally improving figures towards the later periods. The company was able to achieve positive net profit margins by the end of 2023, signaling an improvement in its overall profitability.
Overall, Marathon Digital Holdings Inc's profitability ratios have shown resilience and improvement in recent periods, despite facing challenges earlier on. The company's ability to consistently enhance its margins will be crucial for sustaining profitability and long-term growth.
Return on investment
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 4.50% | 6.19% | 10.07% | 18.27% | 14.69% | 2.56% | 5.21% | -9.24% | -21.99% | -15.39% | -13.61% | -7.63% | -10.00% | -27.80% | -28.14% | -8.12% | -3.13% | -17.54% | -50.36% | -76.69% |
| Return on assets (ROA) | 7.96% | 6.60% | 11.57% | 18.64% | 16.71% | -20.48% | -25.88% | -42.88% | -58.14% | -19.76% | -15.98% | -8.92% | -2.57% | -7.97% | -5.61% | 10.77% | -3.34% | -16.96% | -47.82% | -62.28% |
| Return on total capital | 4.91% | 6.12% | 15.21% | 23.83% | 14.83% | -26.98% | -37.97% | -53.67% | -60.19% | -18.35% | -14.78% | -7.72% | -0.92% | -7.97% | -5.59% | 10.91% | -3.15% | -18.11% | -55.52% | -104.27% |
| Return on equity (ROE) | 13.11% | 8.27% | 13.64% | 22.25% | 20.59% | -27.78% | -59.79% | -102.43% | -180.06% | -46.65% | -36.59% | -17.72% | -5.44% | -8.02% | -5.64% | 10.82% | -3.35% | -17.54% | -53.06% | -111.36% |
Based on the provided data, the profitability ratios of Marathon Digital Holdings Inc have shown varying trends over the quarters.
- Operating Return on Assets (Operating ROA) was negative and declining from March 31, 2020, through September 30, 2022, indicating the company's operational inefficiency. However, there was a positive turnaround starting from June 30, 2023, showing improvement in operating efficiency and effectiveness in generating profits from its assets.
- Return on Assets (ROA) was negative in the initial quarters, gradually improved from March 31, 2021, to March 31, 2024, with intermittent fluctuations. This suggests the company's ability to generate profit relative to its total assets increased steadily over time.
- Return on Total Capital had a negative trend from March 31, 2020, to December 31, 2022, signifying the company's challenge in generating returns on its invested capital. However, there was a sharp positive turnaround starting from March 31, 2023, indicating better capital allocation and higher returns on the total capital invested.
- Return on Equity (ROE) followed a similar pattern to ROA, showing negative values in the beginning and turning positive from March 31, 2021, onwards. The significant negative ROE from June 30, 2022, to December 31, 2022, suggests difficulties in generating returns for shareholders. However, there was a notable improvement in ROE from March 31, 2023, to December 31, 2024, indicating enhanced profitability and value creation for shareholders.
Overall, the company experienced fluctuations in profitability ratios, but the positive trends in ROA, ROE, and Return on Total Capital towards the latter periods signal improvements in efficiency, profitability, and value creation for the company and its stakeholders.